v3.25.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
shares in Thousands, $ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 48,881 $ 72,641
Restricted cash 2,210 4,004
Accounts receivable trade, net - related parties 18,005 0
Government grants receivable, net 14,080 687
Inventory 333,032 274,549
Advances to suppliers 164,248 164,811
Other current assets 7,908 1,569
Current assets of discontinued operations 38,312 64,909
Total current assets 626,676 583,170
Property and equipment, net 310,246 285,187
Goodwill 74,527 74,527
Intangible assets, net 270,686 281,881
Right-of-use asset under operating leases 149,570 111,081
Total assets 1,431,705 1,335,846
Current liabilities:    
Accrued liabilities and other 76,845 91,346
Deferred revenue 61,525 48,155
Derivative liabilities 1,556 14,905
Current portion of long-term debt 115,492  
Current liabilities of discontinued operations 40,204 51,009
Total current liabilities 493,101 414,024
Long-term deferred revenue 30,000 32,000
Operating lease liability 139,921 101,787
Deferred tax liability 20,232 21,227
Other long-term liabilities 9,581 21,761
Total liabilities 1,180,500 1,098,709
Commitments and contingencies
Redeemable preferred stock    
Convertible series A preferred stock, $0.01 par value, $5,000 issued and outstanding as of both March 31, 2025 and December 31, 2024 (includes accrued dividends and accretion of $978 and $87 as of March 31, 2025 and December 31, 2024, respectively) 49,266 48,375
Stockholders’ equity:    
Common stock, $0.01 par value, $155,938 issued and outstanding as of March 31, 2025 and 155,928 issued and outstanding as of December 31, 2024 1,559 1,559
Additional paid-in capital 974,767 971,416
Accumulated other comprehensive loss (32,910) (58,975)
Accumulated deficit (741,477) (725,238)
Total equity 201,939 188,762
Total liabilities, redeemable preferred stock, and equity $ 1,431,705 $ 1,335,846
Common stock, shares issued (in shares) 155,938 155,928
Common stock, shares outstanding (in shares) 155,938 155,928
Nonrelated party    
Current liabilities:    
Accounts payable $ 108,532 $ 61,708
Current portion of long-term debt 56,492 42,867
Long-term debt 170,753 188,316
Related party    
Current liabilities:    
Accounts payable 88,947 52,534
Current portion of long-term debt 59,000 51,500
Convertible note - related party 82,083 80,698
Long-term debt $ 234,829 $ 238,896